Financial OutlookThe company's gross margins are expected to grow through the year, with a strong balance sheet to support potential buybacks or mergers and acquisitions.
Market ExpansionSWKS has been looking to diversify beyond Apple and the broader handset market, exemplified by the purchase of Silicon Labs' I&A business.
Product DevelopmentThere are some positive developments in various product lines, including Android RFFE customers and some Broad Market products.
Bears Say
Financial GuidanceSkyworks Solutions has lowered its rating from Buy to Hold due to soft consumer smartphone activity and excess market inventories.
Market ShareThe company is experiencing a loss of approximately 10% net market share at its largest customer, Apple.
Revenue ForecastSkyworks anticipates a 25% sequential decline in its Mobile business for the third quarter due to reduced orders and high inventory levels.
What was Skyworks Solutions’s price range in the past 12 months?
Skyworks Solutions lowest stock price was €78.82 and its highest was €103.51 in the past 12 months.
What is Skyworks Solutions’s market cap?
Currently, no data Available
When is Skyworks Solutions’s upcoming earnings report date?
Skyworks Solutions’s upcoming earnings report date is Jul 25, 2024 which is in 79 days.
How were Skyworks Solutions’s earnings last quarter?
Skyworks Solutions released its earnings results on Apr 30, 2024. The company reported €1.439 earnings per share for the quarter, beating the consensus estimate of €1.414 by €0.025.
Skyworks Solutions pays a Quarterly dividend of €0.63 which represents an annual dividend yield of 2.88%. See more information on Skyworks Solutions dividends here
What is Skyworks Solutions’s EPS estimate?
Skyworks Solutions’s EPS estimate is €1.13.
How many shares outstanding does Skyworks Solutions have?
Currently, no data Available
What happened to Skyworks Solutions’s price movement after its last earnings report?
Skyworks Solutions reported an EPS of €1.439 in its last earnings report, beating expectations of €1.414. Following the earnings report the stock price went down -17.095%.
Which hedge fund is a major shareholder of Skyworks Solutions?
Among the largest hedge funds holding Skyworks Solutions’s share is Vulcan Value Partners, Llc. It holds Skyworks Solutions’s shares valued at 325M.
Skyworks Solutions, Inc. is a semiconductor company. It engages in designing, manufacturing, and marketing of a broad range of high-performance analog and mixed signal semiconductors that enable wireless connectivity.
Copying Anthony Stoss's trades and holding each position for 1 Year would result in 56.25% of your transactions generating a profit, with an average return of +14.48% per trade.